There are 2000 crypto-currencies of which Hougan says 95% will die a painful and deserved death. But fromt he dotcom ashes, arose Google and Youtube and Twitter; Hougan believes something similar will occur with crypto.blockchain. His firm Bitwise is assembling an index of top 10 crypto-coins into a soon to be released ETF.

We also discuss his accomplishments in the exchange traded fund space: He helped create the first ETF rating system, co-developed the first classification system, both of which contributed to moving ETFs into the mainstream. With that accomplished, he went looking for the next disruptive financial technology that was poorly understood. He saw parallels between the early days of ETFs when they were misunderstood and under-estimated and Crypto, and jumped in.